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Ladies and Gentlemen:
Thank you for your partnership. We appreciate the opportunity to support your business year after year.
At our Spring High Point market, we launched our new Outdoor collection, and could not have been more pleased with the response. Thanks to all of you who shopped Uttermost Outdoor. We welcome your thoughts and suggestions as we are very focused on our Fall introduction now. We’ll have our new Outdoor Lookbook available later this month, as well as swatches available.
As you know, the tariff situation is very fluid and very significant. Just in the past few days, it was announced that the steel and aluminum tariff will increase from 25% to 50%, effective this coming Wednesday.
We have postponed the price adjustment mentioned in the below letter, but can’t wait any longer. Other than our domestic production, tariffs have increased on all production in the past two months. In addition, ocean freight is increasing rapidly now.
While we have been working on the cost analysis for some time, we will not finalize the exact increase until Thursday or Friday this week, and the increase will be effective at that time. We expect the increase to average 4% or less, as we’ll mitigate the cost increases as much as possible.
Please note that this increase will have no effect on orders placed prior to the increase, including any backorders. Also, there will be no tariff surcharge.
From an overall perspective, we manufacture our designs in a broad range of countries including Indonesia, Vietnam, India, Malaysia, Cambodia, Portugal, China, and the US. We continue to decrease our China production even further, while increasing our production in all other countries including the US. All three of our distribution centers are well stocked.
Again, thank you for your patience and understanding as we work to serve you in the best possible ways.
Sincerely,
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